WannaCry Ransomware: Microsoft Calls Out NSA For 'Stockpiling' Vulnerabilities
May 16 2017 by Elias Hubbard
Meanwhile, the RBI has asked banks to follow the instructions of government organisation CERT-In on ransomware, which has impacted various IT networks in over 150 countries.
One of the biggest-ever ransomware attacks continues to take computers hostage.
The phenomenon of companies failing to update their systems has been a persistent security problem for years.
Businesses and large organizations are mostly at risk of this attack because of a flaw in a Windows protocol that many businesses use to share files.
In the wake of the attack, Microsoft released a patch for computers running older operating systems, including Windows IX, Windows 8 and Windows Server 2003.
In Asia, where Friday's attack occurred after business hours, thousands of new cases were reported on Monday.
Microsoft released a patch to fix vulnerabilities in March.
It says the latest virus exploits a flaw in Microsoft Windows identified by, and stolen from, U.S. intelligence. The security flaw that hackers used to launch the attacks Friday was made public after information was stolen from the U.S. National Security Agency, which routinely searches for flaws in software and builds tools to exploit them. The WannaCry hack threatens to delete users' encrypted files in a week if a ransom of $300 isn't met - doubled if the payment isn't made in within three days.
The full cost of the attack and associated computer outages is not yet known, but is now being estimated in the range of hundreds of millions of dollars.
Always update systems and software with the latest security updates. It locked up computers running outdated versions of Windows in shops, schools, hospitals and vehicle factories in several countries and also demanded money from the users.
Some federal agencies have moved more quickly than others to stamp out Windows XP, said R. David Edelman, an Obama administration official who advised the White House on technology matters.
However, Malwarebytes researcher Jerome Segura said it's too early to tell whether the kill switch will stop the Wana Decryptor attack for good.
A global cyber-security firm, Avast, reported over the weekend that more than 57,000 attacks have been detected so far.
We are forever alerting you to phishing scams to be wary of, but it's worth exercising extra caution when opening unexpected emails containing links and or attachments.